Dormer Pramet has acquired Wetmore Tool & Engineering
Dormer Pramet, a division within Sandvik Machining Solutions, has acquired Wetmore Tool & Engineering, a US-based manufacturer of round tools specialized for the aerospace industry.
Sandvik Machining Solutions is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. The group holds world-leading positions in selected areas such as tools and tooling systems for metal cutting; equipment tools, service and technical solutions for the mining and construction industries; product in advanced stainless steels and special alloys, as well as products for industrial heating. In 2017, the group had approximately 43,000 employees and sales of US$10 billion in more than 150 countries.
Dormer Pramet brings together a program of rotary and indexable tooling, with more than 150 years of industry experience. The company delivers the market-leading brands of Precision Twist Drill (PTD), Union Butterfield, Dormer and Pramet to their global customer base. With 20 offices worldwide serving over 100 countries, production facilities in Europe and South America and a highly developed logistics network, Dormer Pramet offers truly global coverage.
Founded in 1950, Wetmore Tool & Engineering has become a leading manufacturer of adaptive shank drill technology. The company is based out of Chino, California, and specializes in cutting tools for hand-held skin drilling applications for the aerospace industry.
Oaklins’ teams in Sweden and Cleveland acted as financial advisors to Dormer Pramet and its owner Sandvik Machining Solutions. The team in Sweden obtained the mandate and coordinated with the buyer's central stakeholders throughout the process. The team in Cleveland screened the target and maintained a dialogue with the seller, as well as acted as the local lead in executing the transaction.
Business Controller, Dormer Pramet
Kontakt ansvarlige rådgivere
Managing PartnerStockholm, Sverige
Mark A. Filippell
Managing DirectorCleveland, United States of America
Oaklins Citizens Capital Markets
Associate DirectorCleveland, United States of America
Oaklins Citizens Capital Markets
SKIOLD A/S has acquired Rotecna S.A.U.
Combining SKIOLD and Rotecna delivers clear strategic benefits to both companies, including a stronger global footprint and an enhanced platform to grow in new markets, a broader product portfolio of leading technologies and increased scale to support investments in R&D, such as digital solutions. Rotecna joins SKIOLD’s existing pig business unit, nearly doubling its size in terms of revenue. With this acquisition, SKIOLD Group’s revenue is approaching €200 million (US$235 million).Les mer
Eterus Capital has acquired a minority stake in GroupSolver INC
Eterus Capital has acquired a minority stake in GroupSolver INC.Les mer
netrics has joined forces with Tineo and nexellent
The combination of Tineo AG and nexellent with the cloud pioneer and managed services provider netrics AG creates a new, powerful cloud and ICT service provider in Switzerland. With a total of around 100 employees, it will offer enterprise and demanding SME customers the entire range of managed ICT services from a single source. The previous owners and management of netrics will retain an active part in this new organization.Les mer